Minneapolis/St. Paul, Minnesota prices: $8,200,000,000 in 1995 $16,726,438,095.24 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1995-2024 ($8,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 103.98% higher in 2024 versus 1995 (a $8,526,438,095.24 difference in value).

Between 1995 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.49% per year. This rate of change indicates significant inflation. In other words, $8,200,000,000 in Minneapolis/St. Paul in the year 1995 would cost $16,726,438,095.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1995: Pricing changed by 2.37%, which is below the average yearly change in Minneapolis/St. Paul during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Minneapolis/St. Paul was lower.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $8,200,000,000.00 since 1995

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $8,200,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$8,200,000,000.002.37%
1996$8,473,333,333.333.33%
1997$8,668,571,428.572.30%
1998$8,830,340,136.051.87%
1999$9,109,251,700.683.16%
2000$9,488,571,428.574.16%
2001$9,845,578,231.293.76%
2002$10,018,503,401.361.76%
2003$10,191,428,571.431.73%
2004$10,481,496,598.642.85%
2005$10,771,564,625.852.77%
2006$10,944,489,795.921.61%
2007$11,226,023,129.252.57%
2008$11,656,160,544.223.83%
2009$11,596,529,251.70-0.51%
2010$11,810,677,551.021.85%
2011$12,235,236,734.693.59%
2012$12,520,842,176.872.33%
2013$12,763,606,802.721.94%
2014$12,942,221,768.711.40%
2015$12,861,560,544.22-0.62%
2016$13,061,149,659.861.55%
2017$13,345,304,761.902.18%
2018$13,664,937,414.972.40%
2019$13,951,491,156.462.10%
2020$14,112,757,823.131.16%
2021$14,795,923,809.524.84%
2022$15,898,405,442.187.45%
2023$16,328,598,639.462.71%
2024$16,726,438,095.242.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1995 * 1995 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 147.000 in the year 1995 and 299.852 in 2024:

299.852 / 147.000 * $8,200,000,000 = $16,726,438,095.24

Therefore, according to U.S. Bureau of Labor Statistics, $8,200,000,000 in 1995 has the same "purchasing power" as $16,726,438,095.24 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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